Solve the problem.
-A town has a population of 20,000 people and is increasing by 10% every year. What will the population be at the end of 6 years? Round answer to the nearest whole number.

Question

Quizplus · Accepted Answer

The population after 6 years can be calculated using the formula for compound interest: P = P0(1 + r)^n, where P0 is the initial population, r is the rate of increase (10% or 0.10), and n is the number of years. Plugging in the values: P = 20,000(1 + 0.10)^6 ≈ 35,431.

Solve the Problem. -A Town Has a Population of 20,000 People and Is